Wpc 300 exam 1 answers Study guides, Class notes & Summaries

WPC 300 Exam 1 Questions & Answers 2023/2024 Anchoring bias - ANSWER-Over-reliant on the first piece of information is called Gamblers' fallacy is ____________. - ANSWER-a clustering illusion Which of the following is an example of secondary data? - ANSWER-Firm's proprietary data In an agile approach of analytics what is the first step of the process? - ANSWER-perform business discovery Predictive analytics may be applied to __________, which is a set of techniques that use de...

WPC 300 Exam Questions & Answers 2023/2024 which of the following propostiton describes an existing theory or belief in a population - ANSWER-null hypothesis if the confidence level is 98%, what is the margin of error in your statistical test - ANSWER-2% the one-sample z-statistics is used instead of the one-sample t-statistics when - ANSWER-when sigma is known sample of size 25 are selected from a population with mean 40 and standard deviation 5. the mean of the sample mean distri...

Review Final Exam for WPC 300 2024/2025 questions with A-graded answers Which of the following describes the standard deviation? - CORRECT ANSWER-It is the square root of the variance. When two variables are highly positively correlated, the correlation coefficient will be _______. - CORRECT ANSWER-close to 1 According to statistical notation, what does ∑ stand for? - CORRECT ANSWER-to act as a summation operator The ________ is the observation that occurs most frequently. - CORR...

WPC 300 Final Exam Practice questions and answers 2024/2025 latest In an agile approach of analytics what is the first step of the process? - CORRECT ANSWER-Perform business discovery In an ETL process, data is loaded into a final target database such as: - CORRECT ANSWER-Data warehouse What are the four types of data analytical method? - CORRECT ANSWER-Descriptive, explanatory, predictive and prescriptive Which of the following is an example of secondary data? - CORRECT ANSWER-Firm...

WPC 300 Final Exam Questions & Answers Complete, A+ Guide-perform business discovery - In an agile approach of analytics what is the first step of the process? data warehouse - In an ETL process, data is loaded into a final target database such as: prescriptive analytics - Which of the following data analysis models use optimization techniques? Prescriptive Analytics - Predictive analytics may be applied to __________, which is a set of techniques that use descriptive data and forecasts...

WPC 300 Final Exam (practice questions and answers) A-Graded 2024/2025 analytics - CORRECT ANSWER-the process of developing actionable decisions or recommendations for actions based upon insights generated from historical data primary data - CORRECT ANSWER-data collected specifically for the research problem at hand (ex: survey, interviews) secondary data - CORRECT ANSWER-data collected for some purpose other than the problem at hand (ex: firm's proprietary data, internet data, stock...

WPC 300, Exam Review Questions and answers, rated A+ Section A Instructions: Use the following data file for this section Section A-Data [Dataset # 1]Preview the document Remember the honor code. This section is worth a total of 37.5 points. In addition to responding to multiple-choice questions, you need to submit an updated data file with your name appended to the front of the filename (e.g. firstname_lastname_filename). Create 2 new columns as follows: The first new column shows ...

WPC 300 Final Exam review 2024/2025 Actual questions and correct answers Data Variable Categories - CORRECT ANSWER-Qualitative and Quantitative Qualitative - CORRECT ANSWER-Is descriptive and conceptual and cannot be measured Quantitative - CORRECT ANSWER-Can be counted, measured, and expressed using numbers Quantitative Data Variables - CORRECT ANSWER-Numerical-interval, ratio Categorical-Nominal, ordinal (Quantitative Categorical) Nominal - CORRECT ANSWER-The numerical values just ...

WPC 300 Final Exam Practice questions and answers 2024/2025 latest In an agile approach of analytics what is the first step of the process? - CORRECT ANSWER-Perform business discovery In an ETL process, data is loaded into a final target database such as: - CORRECT ANSWER-Data warehouse What are the four types of data analytical method? - CORRECT ANSWER-Descriptive, explanatory, predictive and prescriptive Which of the following is an example of secondary data? - CORRECT ANSWER-Firm...

Review Final Exam for WPC 300 2024/2025 questions with A-graded answers Which of the following describes the standard deviation? - CORRECT ANSWER-It is the square root of the variance. When two variables are highly positively correlated, the correlation coefficient will be _______. - CORRECT ANSWER-close to 1 According to statistical notation, what does ∑ stand for? - CORRECT ANSWER-to act as a summation operator The ________ is the observation that occurs most frequently. - CORR...